A mutual fund may declare but retain a capital gain dividend. If it does so, the mutual fund will notify its shareholders of the amount of the undistributed dividend and, prior to 2018, paid federal ...

In recent months, shareholders of several equity mutual funds have filed class action lawsuits in New York and Delaware state courts alleging false and misleading statements and material omissions in ...

Child support has aspects of persistent chaos in a day when more and more people work in a “gig” economy and many are self-employed. As we have noted in the past, it is not common for those who are ...

A report Tuesday from accounting analysts at JP Morgan seems to put a reliable number on the amount of cash that U.S. corporations hold in their foreign subsidiaries, and it’s a doozy. Of the 880 ...

This week, the US Supreme Court denied a $15,000 refund to stockholders Charles and Kathleen Moore for taxes they paid on their share of undistributed profits from an offshore corporation. The Court ...

The Federal Board of Revenue (FBR) has recommended the imposition of a 5% tax on bonus shares issued by companies and on their undistributed profits in the next budget. This proposal would primarily ...

Pakistan is one of the unique jurisdictions that charge tax on already taxed undistributed profits/reserves. There had been experiences in our fiscal policy on this subject which are discussed in the ...

Sound Royalties says it has identified $14 million in undistributed royalties owed to over 300 artists and entertainers, including big names such as Mariah Carey, Pharrell Williams, Randy Jackson and… ...